- Analytics
- News and Tools
- Market News
- Near-term support to GBP set to fade – Danske Bank
Near-term support to GBP set to fade – Danske Bank
The Pound Sterling (GBP) has benefitted from a sharp repricing of the Bank of England. Economists at Danske Bank analyze EUR/GBP outlook.
Relative growth outlooks and broad central bank pricing to weigh on GBP
Over the past month, EUR/GBP has continued its move lower on the back of primarily a sharp BoE repricing. This could continue to lend support in the near term.
At present, we do not see the global investment environment to create meaningful divergence between EUR and GBP. However, we expect the UK economy to perform relatively worse than the Euro Area and expect relative growth outlooks and broad central bank pricing to weigh on GBP.
We target the cross at 0.8800 in 6-12M.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
